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Monday, March 10, 2008 |
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SPECIAL REPORT
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Spratlys controversy may imperil
Philippine quest for oil self-reliance
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A POLITICAL witch hunt for graft-tainted deals
involving China in the wake of the botched National Broadband
Network contract risks complicating the Philippines’ quest for oil
self-reliance.
President Arroyo’s critics have trained their
sights on the Joint Marine Seismic Undertaking (JMSU), an agreement
forged among the Philippines, China and Vietnam in 2005 to transform
the contested Spratly Islands into an area of cooperation and
development.
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 Full
Story>>
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LandBank, DBP eyed for infra
funding in first half of year
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THE government plans to tap two state-owned
banks for investments in infrastructure in the first half of the
year, the Department of Finance said.
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Story>>
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RP seen to miss medium-term
investment targets
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THE Philippines is likely to miss its medium
term investment goals, according to a document obtained by The
Manila Times.
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Americans to invest here due
to crisis, says US ambassador
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AMID the slowdown in the world’s largest
economy, more American firms are investing here to take advantage of
local growth prospects, according to the US ambassador to the
Philippines.
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Story>>
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Local conglomerate, state-run
NDC to invest abroad
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STATE-RUN National Development Co. (NDC) is set
to enter into a joint venture with a local publicly-listed company
for possible investments abroad.
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Story>>
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BIR cuts tax exemptions of ecozone investors
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THE Bureau of Internal Revenue (BIR) has
tightened the rules on tax exemptions enjoyed by enterprises
operating in economic zones.
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Car makers buck removal of incentives
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LOCAL auto assemblers are complaining about the Board of
Investment’s (BOI) decision to remove the motor vehicle
manufacturing industry from this year’s Investments Priorities
Plan (IPP).
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Story>>
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NTC sets new interconnection rules
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THE National Telecommunications Commission (NTC)
will issue new rules designed to curb anti-competition practices.
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Story>>
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Bangko Sentral seen to keep
special deposit rate steady
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DESPITE the government’s difficulties in raising funds through the
Treasury bills and bonds, the Bangko Sentral ng Pilipinas (BSP) said
it is unlikely to cut its special deposit account (SDA) rate any
time soon.
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BEYOND
THE BUZZWORDS
By Reylito A.H. Elbo
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Narcissistic leader:
And you know what I mean
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IF there’s one ideal situation that could tell us if the people
have money to spare, it’s the belief that, regardless of the OFW
dollar, condominium living (and working) has become in vogue once
again.
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Story>>
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